Asked by Kasey, Indianapolis, IN • Wed Mar 27, 2013
I am currently the sole owner of my home in Lafayette. I am a doctoral student who makes only about $1500/month at my research assistantship (it's so low because it's only part-time and they also pay for my tuition). Back when I bought my house, I qualified for the best rate available, as it was based on my income prior to becoming a doctoral student and I have an EXCELLENT credit score. Now I'm married, and with both incomes, we have absolutely no problem making making the $500 monthly payment.
However, now as the last step in my doctoral program, I have to do a full-time, year-long internship in Indianapolis, where my salary will increase to $24,000. I would like to sell my current home and buy one in Indianapolis, but I fear that I won't qualify for a loan based on my income. I don't want to add my husband to the loan because of his credit history. Do you think I will be able to somehow qualify for a mortgage myself? Would going through my current lender help?
Real Estate in Indianapolis
Popular Categories in Indianapolis
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!